Mold in Your Dream Home? What Every Buyer Needs to Know

Mold, a natural decomposer of dead trees outdoors, turns into a potential health hazard indoors, causing a range of allergic reactions from sneezing and rashes to life-threatening asthma attacks. For homebuyers, the presence of mold in a potential home should raise red flags not just about the mold itself, but more importantly, about the source of the moisture feeding it.

Understanding Mold Infestation

Mold spores, invisible airborne particles, are harmless until they land on a damp surface inside a house and begin to grow. Eliminating mold involves more than just treating its visible signs; it necessitates locating and eradicating the source of moisture.

Health Implications

Sensitivity to mold varies among individuals, with reactions ranging from minor irritations to severe health issues, especially for mold-sensitive individuals. Identifying the mold type isn’t as critical as pinpointing the source of moisture. For mold-sensitive individuals, any exposure should be avoided.

The Role of Home Inspection

A licensed Home Inspector is a buyer's best ally when investigating a potential mold issue. However, more vital than testing the mold itself is identifying the root cause of the moisture. Knowing if the moisture source is a minor leak or a substantial flooding problem helps buyers estimate the cost of necessary repairs and remediation.

Effective Remediation

Mold control entails cleaning the affected area and eradicating the moisture source. While homeowners can tackle visible surfaces, experts should handle mold behind walls or in extensive areas. Eliminating moisture might involve repairing leaks, using dehumidifiers, or employing vapor barriers, tasks requiring professional expertise and tools.

Insurance and Mortgage Implications

Some insurance companies decline coverage for homes with active mold or prior mold issues. Obtaining an FHA mortgage for a mold-infested home is also challenging. Appraisal approval often hinges on mold remediation and moisture elimination. Buyers must ensure these issues are resolved before closing.

Buyer’s Caution

Buyers must negotiate remediation with the seller. If the seller refuses, obtaining cost estimates for the work is crucial. Armed with this information, buyers can make informed decisions about purchasing the property, considering the potential impact on resale value. Many buyers shy away from homes with mold histories, making future resale a significant concern.

Your Guide To Home Buying In Central Ohio

When purchasing a home, a thorough investigation is key. Understanding the implications of mold infestation, its health risks, and the potential impact on insurance and resale value empowers buyers to make informed decisions.

For expert guidance in your Central Ohio home search, contact Realtor® Rita Boswell, a Five Star Professional, Top Buyer’s Agent, and Certified Negotiation Expert, at 614-830-9767. Rita is dedicated to helping you find your dream home and confidently navigate the complexities of home buying.

Browse Today's New Listings In Central Ohio

133 Properties
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Open 4/21
40 Prospect Street Delaware,  OH 43015
3
Beds
1
Baths
1,224
Sq.Ft.
1901
Year Built
1
Day on Site
224011861
MLS
5
Beds
4
Baths
4,644
Sq.Ft.
1980
Year Built
1
Day on Site
224011862
MLS
Open 4/20
4890 Smoketalk Lane Westerville,  OH 43081
3
Beds
3
Baths
1,855
Sq.Ft.
1974
Year Built
1
Day on Site
224011911
MLS
$403,979
Neighborhood: Park View
3
Beds
2
Baths
1,635
Sq.Ft.
2024
Year Built
1
Day on Site
224011940
MLS
Open 4/28
318 S Delaware Street Mount Gilead,  OH 43338
2
Beds
2
Baths
928
Sq.Ft.
1900
Year Built
1
Day on Site
224011939
MLS
Coming Soon on 05/03
6138 Murphys Pond Road Canal Winchester,  OH 43110
$235,000
Neighborhood: Murphys Pond
2
Beds
2
Baths
1,122
Sq.Ft.
2005
Year Built
1
Day on Site
224011937
MLS
Coming Soon on 05/01
4686 Gilman Road Columbus,  OH 43228
3
Beds
2F21/2
Baths
1,520
Sq.Ft.
1997
Year Built
1
Day on Site
224011938
MLS
6
Beds
5F11/2
Baths
4,100
Sq.Ft.
2021
Year Built
1
Day on Site
224011934
MLS
$165,000
Neighborhood: Homestead Heights
2
Beds
1
Baths
816
Sq.Ft.
1947
Year Built
1
Day on Site
224011935
MLS
$159,900
Neighborhood: Hardesty Place
3
Beds
2F11/2
Baths
1,224
Sq.Ft.
1965
Year Built
1
Day on Site
224011933
MLS
Open 4/20
200 Cliffview Drive Mount Sterling,  OH 43143
$249,900
Neighborhood: Pleasant Ridge
2
Beds
2
Baths
1,244
Sq.Ft.
1972
Year Built
1
Day on Site
224011898
MLS
Open 4/20
452 Lackey Old State Road Delaware,  OH 43015
$1,690,000
Neighborhood: Ranbridge Ravines
5
Beds
6F21/2
Baths
4,281
Sq.Ft.
2014
Year Built
1
Day on Site
224011883
MLS

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